Housing Market News
Affordability
Homebuyers Are Scoring the Biggest Discounts in 13 Years
The typical buyer who scored a home for below the list price in 2025 got a 7.9% discount—the largest since 2012. 1 in 4 buyers
More Gen Zers are Buying Homes. But It’s a Trickle, Not a Flood.
Homeownership for young Americans is a mixed bag. The homeownership rate for Gen Zers and millennials is ticking up, but both generations are tracking behind
Homebuyers Are Canceling Deals at the Highest Rate on Record
Over 40,000 U.S. home-purchase agreements were canceled in December, equal to 16.3% of homes that went under contract that month—the highest December percentage in records
Home Sellers Outnumber Buyers By a Record Margin, Upping Buyers’ Bargaining Power
There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power. The Sun Belt
Trump’s Mortgage Bond Order Pushes Rates Below 6% For First Time in Nearly 3 Years, Boosting Purchasing Power
Purchasing power has increased $30,000 in the last six months, with rates falling below 6% the day after President Trump ordered a $200 billion mortgage
The U.S. Housing Market Has 37% More Sellers Than Buyers—More Than Double Last Year’s Gap
Summer 2025 was the only time in records dating back to 2013 that sellers outnumbered buyers by a larger percentage. This mismatch means it’s a
Redfin Home Price Index: Price Growth Slowed for Third Straight Month in November as Supply Crunch Eased
U.S. home prices rose 0.6% from a month earlier, the smallest increase since June, as a jump in homes for sale gave buyers more options.
2023 Has Been The Least Affordable Year for Homebuying on Record—But 2024 Is Looking Up
A homebuyer with the median U.S. income would’ve had to spend a record 41% of earnings on monthly housing costs in 2023, up from 39%
Introducing the Redfin Home Price Index
Redfin’s new gauge of housing prices, which is similar to but more current than the Case-Shiller index, shows that home prices rose roughly 1% month
More Than One-Third of Home Sellers Are Giving Concessions to Buyers
Sellers are handing out freebies to woo buyers, who have become increasingly likely to back out of deals as mortgage rates have climbed. Home sellers
Homebuyers Must Earn $115,000 to Afford the Typical U.S. Home. That’s About $40,000 More Than the Typical American Household Earns.
Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs
4 Ways to Buy Your First Home, Even as Affordability Worsens
Originally published to Forbes on September 12, 2023. For many young Americans, the dream of owning a home feels less like a middle-class milestone and more
